# Franklin Premier Income Trust (PPT): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ppt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Bond - Strategy: Actively Managed · Inception: 1988-02-19 Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index. Putnam Premier Income Trust was formed on February 29, 1988 and is domiciled in the United States. ## Key Facts | Metric | Value | |---|---| | Price | $3.26 | | Expense Ratio | 0.94% | | Market Value | $311.6M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 9.57% | | Annual Distribution (TTM) | $0.31 /share | | Distribution Frequency | Monthly | | 52-Week Range | $3.21 – $3.67 | | Beta | 0.29 | ## Latest Distribution - Amount: $0.0260 /share - Ex-date: 2026-11-20 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does PPT invest in? Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index. Putnam Premier Income Trust was formed on February 29, 1988 and is domiciled in the United States. ### What is the expense ratio of PPT? Franklin Premier Income Trust (PPT) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PPT's dividend yield? PPT's trailing-twelve-month yield is 9.57%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PPT? Effective duration measures PPT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PPT's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PPT? PPT's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PPT? Yield to maturity (YTM) is the total return you'd earn from PPT if every bond in the portfolio is held to maturity at the current price. PPT's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PPT pay a dividend? Yes, Franklin Premier Income Trust (PPT) distributes dividends to shareholders. The trailing-twelve-month yield is 9.57%. Full dividend history is on this page. ### How often does PPT pay dividends? Franklin Premier Income Trust pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PPT's next ex-dividend date? The most recently announced ex-dividend date for PPT was 2026-11-20. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PPT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.94% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PPT charge its expense ratio? The expense ratio is deducted in tiny daily slices from PPT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PPT cost more than a fund like VOO? PPT is actively managed (current expense ratio 0.94%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PPT's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PPT? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as PPT (0.94%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ppt - Distribution history: https://www.dividenddata.com/funds/ppt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ppt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ppt/expenses - Peer comparison: https://www.dividenddata.com/funds/ppt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.